Forex Game Glossary eng
Pivot point
Is the key point of support/resistance level calculated by taking the average of an asset’s previous high, low, and closing price
PMI (Purchasing Managers’ Index)
Is a leading indicator. its reading is determined by polling manufacturing supply managers. the index provides insight into business trends and influence of the economy on price formation.
Price gap
A quick market move in which prices skip several levels without any trades occurring. gaps usually follow economic data or news announcements.
Price prior to non-market quoting
Closing price of minute bar, prior to minute bar with non-market quoting. price gap – either of the following situations: – present quoting bid is greater than prior quoting ask; – present quoting ask is less than prior quoting bid.
Producer-Price Inflation
Is the increasing of the average prices for raw materials and consumer goods calculated for the base/reference period.
Profit
A financial gain that resulted from investing, or from a speculative operation that exceeds an amount of initial capital.